Hyperliquid ($HYPE) has demonstrated resilience during a market downturn, declining only 5% while major cryptocurrencies like Bitcoin, Ethereum, Solana, and Chainlink have seen drops exceeding 20%. Technical analysis indicates a corrective ABC pattern, with support levels between $27 and $30 and resistance at $48.50. Despite whale selling and upcoming token unlocks causing fear, uncertainty, and doubt (FUD), $HYPE has maintained stability near its baseline. Analyst DC reports significant declines over the past three months, with Bitcoin down 17.2%, Ethereum 21.2%, Solana 20.1%, and Chainlink 30%. The market is observing a five-wave impulse sequence and ongoing consolidation in Wave C, with potential targets at Fibonacci retracement levels, according to More Crypto Online.
Hyperliquid ($HYPE) Outperforms Major Cryptos Amid Market Slump
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